Thai Airways flies high

Thai Airways is finally able to increase its freefloat 11 years after listing on the Stock Exchange of Thailand.

A combined primary and secondary share offering for Thai Airways successfully cleared the market yesterday Wednesday via a group of six leads led by JPMorgan and Merrill Lynch on the international side, plus Asset Plus, Bua Luang Securities and SCB on the domestic side.

Raising Bt22.14 billion $555 million, the government sold 157.75 million shares including a 57.75 million share greenshoe and the company sold 285 million shares. The greenshoe was allocated to the international tranche,...

To continue reading, please login or register for free

Click for more on: thai | airways | flies | high

Print Edition

FinanceAsia Print Edition